First American Bank Has $52.39 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

First American Bank raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 238,794 shares of the e-commerce giant's stock after purchasing an additional 2,242 shares during the quarter. Amazon.com accounts for about 3.7% of First American Bank's holdings, making the stock its 5th biggest holding. First American Bank's holdings in Amazon.com were worth $52,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. Cable Hill Partners LLC increased its position in shares of Amazon.com by 0.5% during the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock valued at $2,104,000 after acquiring an additional 44 shares in the last quarter. Quattro Financial Advisors LLC boosted its stake in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 45 shares during the last quarter. White Wing Wealth Management increased its holdings in shares of Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after purchasing an additional 47 shares in the last quarter. MBM Wealth Consultants LLC lifted its holdings in shares of Amazon.com by 0.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock valued at $1,889,000 after purchasing an additional 48 shares in the last quarter. Finally, Semus Wealth Partners LLC lifted its holdings in shares of Amazon.com by 0.3% during the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant's stock valued at $3,339,000 after purchasing an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

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Amazon.com Trading Up 1.5 %

Shares of AMZN traded up $2.81 during midday trading on Wednesday, hitting $194.98. The stock had a trading volume of 35,938,139 shares, compared to its average volume of 39,962,905. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock's 50 day moving average is $215.38 and its 200 day moving average is $209.31. The firm has a market cap of $2.07 trillion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AMZN shares. Loop Capital boosted their target price on Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. JMP Securities restated a "market outperform" rating and set a $285.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Westpark Capital assumed coverage on shares of Amazon.com in a research report on Tuesday. They issued a "buy" rating and a $280.00 target price for the company. Jefferies Financial Group lowered their price target on Amazon.com from $275.00 to $250.00 and set a "buy" rating on the stock in a report on Monday. Finally, Tigress Financial lifted their price objective on Amazon.com from $245.00 to $290.00 and gave the stock a "buy" rating in a report on Friday, December 20th. Two analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $260.53.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 19,212 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the sale, the senior vice president now owns 49,950 shares of the company's stock, valued at approximately $10,864,125. This represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,298 shares of company stock valued at $22,871,828 in the last 90 days. Company insiders own 10.80% of the company's stock.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.